CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 125,188,967	$ 105,637,627
Accounts receivable, net	31,039,834	31,082,460
Prepayments for raw material purchases	17,861,244	21,882,977
Other receivables, deposits and prepayments	1,474,722	1,882,864
Prepaid land use right - current portion	403,497	405,034
Deferred income tax assets	19,626	200,588
Inventories	17,764,641	15,502,246
Total current assets	193,752,531	176,593,796
OTHER ASSETS
Property, plant and equipment, net	47,304,630	20,565,875
Construction in progress		18,794,910
Deposits for plant and equipment		3,428,082
Prepaid land use right - long-term portion	18,632,832	18,906,280
Intangible assets		170
Total non-current assets	65,937,462	61,695,317
Total assets	259,689,993	238,289,113
CURRENT LIABILITIES
Accounts payable	5,145,929	6,066,261
Other payables and accruals	4,966,101	6,370,833
Income taxes payable	4,791,112	4,607,533
Dividend payable		992,846
Warrant liabilities	704,000	615,000
Total current liabilities	15,607,142	18,652,473
Total liabilities	15,607,142	18,652,473
STOCKHOLDERS' EQUITY
Preferred stock: $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value: 75,000,000 shares authorized, 30,084,883 shares issued and 29,820,836 shares outstanding as of June 30, 2012 (December 31, 2011: 30,036,481 shares issued and 29,772,434 shares outstanding)	3,008	3,003
Additional paid-in capital	79,090,307	78,564,128
Treasury stock, at cost, 264,047 and 264,047 shares as of June 30, 2012 and December 31, 2011, respectively	(2,126,597)	(2,126,597)
Statutory reserves	12,136,089	10,418,476
Retained earnings	139,573,552	116,369,487
Accumulated other comprehensive income	15,406,492	16,408,143
Total stockholders' equity	244,082,851	219,636,640
Total liabilities and stockholders' equity	$ 259,689,993	$ 238,289,113